Stocks stage sharp rise on buying binge

FE Online Report | Published: September 07, 2017 11:55:33 | Updated: October 23, 2017 20:06:36


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The prices of most of the shares on both bourses saw upward trend in early hour of trading Thursday as investors continued their buying binge on sector-wise stocks.

 

After facing marginal correction in the previous day, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.

 

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 20 points while the Selective Category Index of port city bourse rose 17 points at 10:15am.

 

After 30 minutes of trading, DSEX advanced 13.74 points while the Selective Category Index of port city bourse gained 30 points at 11:00am when the report was filed.

 

DSEX, the prime index of the DSE, went up by 13.74 points or 0.23 per cent to stand at 6,083 points at 11:00am.

 

The two other indices also saw positive trend till then. The DS30 index, comprising blue chips advanced 3.46 points or 0.16 per cent to 2,164.

 

The DSE Shariah Index (DSES) gained 4.84 points or 0.36 per cent to stand at 1,340 points till then.

 

Turnover, the important indicator of the market, stood at Tk 1.48 billion when the report was filed at 11:00am.

 

Of the issues traded till then, 162 advanced, 76 declined and 45 remained unchanged.

 

Mithun Knitting led the turnover chart till then with shares worth Tk 130 million changing hands, closely followed by Miracle Industries Tk  70 million, Hakkani Pulp & Paper Tk 50 million, SIBL Tk  48 million, and Premier Bank Tk  39 million.

 

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with its Selective Category Index – CSCX –advancing 30 points to stand at 11,407 points, also at 11:00am.

 

Of the issues traded till then, 60 gained, 24 declined and 18 issues remained unchanged with BDT 48 million in turnover.

 

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